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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (4,178,692) $ (1,358,276)
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization 209,606 72,644
Interest expense on convertible debt 8,354 42,137
Loss on disposal of asset 2,897 13,581
Bad debt expense 30,000 60,000
Inventory obsolescence 258,585 88,438
Share-based compensation 872,662 0
Non-cash lease expense 87,503 72,150
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (536,263) (38,831)
(Increase) decrease in inventory (299,888) (422,942)
(Increase) decrease in prepaid - related parties (50,970) (335,876)
(Increase) decrease in prepaid and other assets (320,195) (487,143)
Increase (decrease) in accounts payable (62,934) (185,564)
Increase (decrease) in accounts payable related parties 26,139 99,960
Increase (decrease) in accrued royalties and expenses 140,898 235,542
Increase (decrease) in accrued liabilities 366,290 810,302
Increase (decrease) in Accrued interest 2,559 0
Net cash used in operating activities (3,443,449) (1,333,878)
Cash flows from investing activities:    
Purchase of property and equipment (57,456) (167,259)
Cash received in reverse acquisition 0 508,973
Repurchase and cancellation of fractional shares 0 (1,061)
Purchase of intangible assets (1,100,000) (1,022,485)
Investment in equity securities (500,000) 0
Net cash flows used in investing activities (1,657,456) (681,832)
Cash flows from financing activities:    
Draw on line of credit 0 2,000,000
Proceeds from PPP Loan 583,000 0
Common stock issued for Employee Stock Purchase Plan 26,220 0
Net cash flows provided by financing activities 609,220 2,000,000
Net increase (decrease) in cash (4,491,685) (15,710)
Cash and cash equivalents, beginning of period 6,611,928 176,421
Cash and cash equivalents, end of period 2,120,243 160,711
Cash paid during the period for:    
Interest 0 30,802
Income taxes 0 0
Supplemental non-cash investing and financing activities:    
Common stock issued for conversion of Series F preferred stock 11,368,150 0
Common stock issued for conversion of related party debt and interest 1,611,911 0
Common stock issuable in payment of intangible asset 750,000 0
Common stock issued in reverse capitalization; less cash received of $508,973 $ 0 $ 1,666,537